ADANI PORTS ANALYSISA good resistance can be seen on the daily charts of Adani Ports. It can be a good buy above 796, breaking the resistance point. The volume as of now are low, but if it breaks the level of 796 with good volumes and sustains above 796, it can be a good swing trade. (OPEN THE CHART FOR DETAILED VIEW)
Targets- 810, 839 and 858
SL- 770
Risk-reward favorable
Trailing stoploss
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ADANIPORTADANIPORT gave breakout today with volume, wait for a retest around 785, Stop loss would be 770 Target - 850 positional..
Disclaimer : The above chart is for study purpose only. I am not sebi registered not recommending to buy/sell, kindly consult with your financial advisor before taking entry.
accending triangle pattern for Adani portaccending triangle pattern for Adani port
price hold support trend line even after declining in Q4 result
volume profile shows strong support at @746
also, the decline in volume shows confirmation of this pattern.
If the price cross 785-90 with good volume then consider this as a strong breakout.
so the expected target is 10-15% from this level.






















